Another oil company is closing its doors. This time, it's American Energy Partners. The company was started by oil and gas pioneer Aubrey McClendon. The company will shut down this summer.

Another oil company is closing its doors. This time, it's American Energy Partners. The company was started by oil and gas pioneer Aubrey McClendon. The company will shut down this summer.

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Updated: 5:24 PM CDT May 19, 2016

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WEBVTT THAT COMPANY WILL SHUT DOWN THIS SUMMER. CRYSTAL PRICE HAS MORE. CRYSTA WHEN AUBREY MCCLENDON DIED IN A CAR ACCIDENT HERE IN NORTHEAST OKLAHOMA CITY, SOME PEOPLE SAY THE COMPANY HE STARTED DIED AT RIGHT ALONG WITH HIM. JONATHAN WILLNER, ECONOMICS PROFESSOR AT OKLAHOMA CITY UNIVERSITY, SAYS HE WASN'T ALL THAT SURPRISED YESTERDAY WHEN HE HEARD AMERICAN ENERGY PARTNERS WAS CLOSING DOWN. >> WITHOUT AUBREY MCCLENDON, IT WASN'T CLEAR THAT THEY HAD MUCH OF A WAY FORWARD. CRYSTAL: AUBREY MCCLENDON STARTED THE COMPANY AT A TIME WHEN OIL PRICES WERE DROPPING. HE SAYS OTHER FACTORS COULD HAVE PLAYED INTO THE COMPANY'S FAILURE. WHILE AT CHESAPEAKE, WILLNER SAYS MCCLENDON WAS KNOWN FOR MAKING QUESTIONABLE INVESTMENTS IN REAL ESTATE AND CREATING PERSONAL INTEREST IN WELLS ASSOCIATED WITH CERTAIN COMPANIES. >> YOU HAVE SEEN THE CHANGES IN TERMS OF THE LAYOFFS, AND THE RESTRUCTURING THAT CHESAPEAKE IS GOING THROUGH. HE SEEMS TO HAVE TAKEN THE SAME APPROACH WITH AMERICAN ENERGY PARTNERS. CRYSTAL: BUT DESPITE THESE QUESTIONABLE DECISIONS, ULIMATELY HE THINKS IT W LOSING MCCLENDON THAT LED TO THE COMPANY'S CLOSURE.

American Energy Partners to shut down this summer

Another oil company is closing its doors. This time, it's American Energy Partners. The company was started by oil and gas pioneer Aubrey McClendon. The company will shut down this summer.